In a change of opinion, NCUA’s general counsel has decided the “individual policy” requirement of credit union fidelity bonds does not prohibit a credit union from having a bond also covering its credit union service […]
Deposit totals of about $11.8 trillion for more than 89,000 bank offices in the states is outlined in the annual survey of branch office deposits (SOD) for all Federal Deposit Insurance Corp. (FDIC)-insured institutions, released […]
The “normal operating level” of reserves for the fund that protects savings in credit unions will be reviewed “periodically” by the National Credit Union Administration (NCUA) Board, with action on revising the level taken only […]
The “de-designation” of once-giant insurance company American Insurance Group (AIG) as a systemic nonbank financial company should be incentive for other firms still designated as such to reduce their impact on the financial system, the […]
A proposal on real estate appraisals by the three federal banking authorities has led to a commentary showdown between the banking and appraisal industries – with the former supporting the proposal, and the latter opposing […]
A graphic that shows lending to white and minority borrowers, as reported by the Federal Reserve using 2016 Home Mortgage Disclosure Act (HMDA) data is ready for use. The graphic draws from a Federal Reserve […]
Three comments – all from credit unions – were filed on a proposal to redefine the phrase of “in danger of insolvency ” for purposes of an emergency merger, issued by the National Credit Union […]
An $86 million-asset Louisiana federal credit union, with more than 22,000 members, was liquidated Monday by the National Credit Union Administration (NCUA), after the agency determined the credit union was insolvent and had no prospect […]
Cybersecurity and “operational resiliency” lead the list of strategies to be addressed for national bank regulation in 2018, according to the supervision operating plan released by the Office of the Comptroller of the Currency (OCC) […]
No response has been made yet by the Consumer Financial Protection Bureau (CFPB) to an allegation that removing arbitration clauses for financial products and services raises costs of credit by about 25%. Acting Comptroller of […]
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